Planet 13 Holdings, Inc. ( (PLNH) ) has released its Q1 earnings. Here is a breakdown of the information Planet 13 Holdings, Inc. presented to its investors.
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Planet 13 Holdings, Inc. is a vertically integrated cannabis company operating in multiple states, known for its large dispensary in Las Vegas and innovative cannabis products. In its Q1 2025 financial results, Planet 13 reported a revenue of $28 million, marking a 22.5% increase from the previous year, driven by the expansion into Florida. Despite this growth, the company faced a net loss of $2 million and an adjusted EBITDA loss of $2.5 million, attributed to pricing pressures and increased operational costs. The company also highlighted the opening of new dispensaries in Florida, which contributed to the rise in expenses. Looking forward, Planet 13’s management is focused on enhancing operational efficiency and prioritizing investments in high-performing assets to achieve sustainable growth.